LTC Properties Balance Sheet Health
Financial Health criteria checks 1/6
LTC Properties has a total shareholder equity of $918.8M and total debt of $860.2M, which brings its debt-to-equity ratio to 93.6%. Its total assets and total liabilities are $1.8B and $899.6M respectively. LTC Properties's EBIT is $114.5M making its interest coverage ratio 2.7. It has cash and short-term investments of $9.0M.
Key information
93.6%
Debt to equity ratio
US$860.21m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$9.01m |
| Equity | US$918.84m |
| Total liabilities | US$899.55m |
| Total assets | US$1.82b |
Recent financial health updates
No updates
Recent updates
I Am Buying This Fat 7.2% Yielding Trust Hand Over Fist
Apr 24LTC Properties: Undervalued 7% Yield Poised For A Rebound
Feb 23LTC Properties: Strong Healthcare Trends Support 7% Yield
Dec 13LTC Properties: Key Metrics On This 7.2% Monthly Payer
Oct 08LTC Properties: A +6% Monthly Dividend To Pad Your Cash Flow
Jul 26LTC Properties FFO of $0.72 beats by $0.02, revenue of $47.84M beats by $2.73M
Feb 16LTC Properties declares $0.19 dividend
Jan 03LTC Properties: A 6.2% Monthly Payer You Don't Want To Miss
Dec 23LTC Properties Remains Attractive Despite Its Vast Outperformance
Dec 09LTC Properties: Strong Buy Opportunity
Sep 30LTC Properties: Getting Over COVID But Not There Yet
Aug 04LTC Properties declares $0.19 dividend
Jul 01LTC Properties: On A Path To Recovery
May 25LTC Properties: Buy This 6.3% Yielding REIT For Your Dividend Portfolio
Mar 17LTC Properties: 6.8% Yield, But The Risks Keep Increasing
Feb 22Lock In The 6.4% Dividend Yield Of LTC Properties Before It Is Too Late
Jan 25Financial Position Analysis
Short Term Liabilities: LTC's short term assets ($340.3M) exceed its short term liabilities ($39.3M).
Long Term Liabilities: LTC's short term assets ($340.3M) do not cover its long term liabilities ($860.2M).
Debt to Equity History and Analysis
Debt Level: LTC's net debt to equity ratio (92.6%) is considered high.
Reducing Debt: LTC's debt to equity ratio has increased from 85.7% to 93.6% over the past 5 years.
Debt Coverage: LTC's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: LTC's interest payments on its debt are not well covered by EBIT (2.7x coverage).